Common use of On-Site Visits Clause in Contracts

On-Site Visits. 1. In case of information to be obtained through on-site visits, including those performed in the framework of supervisory programmes according to Article 26, the Authorities should discuss and reach an understanding on the terms of such on-site visits, taking into full account each other’s sovereignty, applicable legislation and statutory obligations, in particular, in determining the respective roles and responsibilities of the Authorities. The Authorities will act in accordance with the following procedure before conducting a cross- border on-site visit. a) The Authorities will consult with a view to reaching an understanding on the intended timeframe for and the scope of any on-site visit. The Requested Authority will decide whether the visiting officials will be accompanied by its officials during the visit. b) When establishing the scope of any proposed visit, the Requesting Authority will give due and full consideration to the supervisory activities of the Requested Authority and any information that was made available or is capable of being made available by the Requested Authority. c) The Authorities will assist each other in reviewing, interpreting and analysing the contents of public and non-public documents and obtaining information from relevant directors, senior management, employees of the Covered Entities, or any other Person. 2. In circumstances where the Authorities jointly perform an on-site visit they will give each other an opportunity to consult and discuss the findings arising from the on-site visit. 3. In circumstances where only one Authority performs the on-site visit, the Authority which has conducted the on-site visit will share its findings and / or report on the on-site visit with the other Authority.